Equity
€66.4m ▲ 11.4%
ISOBUILD KORTEMARK has made a profit in every financial year since 2006.
ISOBUILD KORTEMARK
Lifetime
16 annual accounts with figures on one time axis, 49 filings since 1977peak €42.5m (2017)
€29.8m▲ 17.2%
peak €45.8m (2018)
€6.8m▼ 32.5%
peak €66.4m (2025)
€66.4m▲ 11.4%
€41.1m▲ 1.2%
peak 22.8 FTE (2010)
13.7 FTE▼ 3.5%
Board21 names since 2006all names
4 directorsVNI INVEST and 3 others
Owners5 names in the annual accounts
100%VERMEERSCH LOGISTICS and 1 other
Documentsfilings and deeds
21-09-202652 days late
2025financial year
Turnover from €25.4m to €29.8mResult from €10.0m to €6.8mDemerger proposal: ISOBUILD KORTEMARK splits off to IPCOM MID… 29-12Company renamed from WAEYAERT-VERMEERSCH ISOLATIE to ISOBUILD… 12-05Cash from €15,051 to €48,984
Key points
from the 2025 annual accountsResult
€6.8m ▼ 32.5%
The result fell in 2025 from €10.0m to €6.8m.
Staff
13.7 FTE from 22.8 in 2010
Between 2010 and 2025, 40% of the full-time equivalents disappeared.
Filings
49 annual accounts since 1977
Two of the last ten came late. The 2025 accounts came latest: 52 days after the end of the period.
Restructuring
2026
Branch transferred to Nieuw op te richten Vennootschap. Contribution on 23-02-2026.
Position in the sector
€6.8m
Higher net result than 95% of companies in wholesale trade. Sector median €110,308 · 6,124 companies.
Checked score
91
Excellent
Financially stronger than 57% of small companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.2%▼ -0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 19.28, cash €48,984
Last filed accounts filed 52 days late; 1 of the last 3 accounts late
lowers risk
Founded in 1973
Size: turnover €29.8m, 13.7 FTE, total assets €107.5m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 71% of them on solvency, 62% on liquidity, 18% on profitability and 78% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €2,950,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 19.28 (21.35 in 2024), above the usual 1.5. Short-term debt is 1.9% and cash 0% of total assets. 38.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
52 days late
2024
44 days early
2023
41 days early
2022
39 days early
2021
26 days early
2020
22 days early
2019
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VERMEERSCH LOGISTICS 100%score 52equity €3.7m (2025) · 2025 annual accounts of VERMEERSCH LOGISTICS
- GREEN LEAF TOPCO BV consolidatesscore 88equity €345.2m (2025) · annual accounts 2025
- IPCOM consolidatedequity €86.4m (2025) · LEI register
Shares in 4 companies, including ISOBUILD HOBOKEN and ISOBUILD VERVIERS
Board & ownershipRecent changes
Demerger: ISOBUILD KORTEMARK splits off to Nieuw op te richten Vennootschap
Capital from €90,000 to €22,046.66 · Capital from €22,046.66 to €61,500 · General meeting of 30-01-2026 · Gazette deed
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Elien De Greef · General meeting of 05-12-2025 · Gazette deed
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies · Kortemark
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0413000165
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ISOBUILD KORTEMARK Kortemark | €29.8m | 2.7% | 61.8% | 13.7 |
| ESCO BELGIUM Frameries | €37.4m | 4.4% | - | 36.6 |
| CARMEUSE RESEARCH AND TECHNOLOGY Ottignies-Louvain-la-Neuve | €24.2m | 1.1% | 48.9% | 32 |
| Albert Van den Braembussche en Zonen Eeklo | €48.9m | 2.3% | 29.1% | 27.7 |
| Bouwmaterialen L. Van Den Broeck Lier | €39.5m | 0.7% | 76.5% | 27.3 |
| VAN AKELYEN BOUWMATERIALEN Zele | €17.9m | 7.1% | 63.5% | 14.2 |
| PAESEN BOUWEXPO Peer | €42.6m | -0.3% | 7.7% | 36.1 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ISOBUILD KORTEMARK: wholesale of construction materials, general range (NACE 46831). They are comparable in size and age: total assets between €21m and €369m, founded between 1938 and 1982.
Official details
Source: KBO- Status
- Active since 13-02-1973Normal situation
- Activity
- Wholesale of construction materials, general rangeNACE 46831
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.038.463.9088610 Kortemark, since 15-02-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Companies linked to ISOBUILD KORTEMARK
Parent and group
Insights on ISOBUILD KORTEMARK
ISOBUILD KORTEMARK has existed since 1973. Turnover grew from €19.1m in 2006 to €29.8m in 2025 and staff from 0.7 to 13.7 full-time equivalents.
VERMEERSCH LOGISTICS holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ISOBUILD KORTEMARK
- What is the company number of ISOBUILD KORTEMARK?
- The company number of ISOBUILD KORTEMARK is 0413.000.165. The VAT number is the same number with BE in front: BE 0413.000.165.
- Where is ISOBUILD KORTEMARK based?
- The registered office is at Makeveldstraat 5, 8610 Kortemark.Company details
- What does ISOBUILD KORTEMARK do?
- According to the KBO register, the main activity is wholesale of construction materials, general range (NACE 46831).
- What is the legal form of ISOBUILD KORTEMARK?
- ISOBUILD KORTEMARK is a public limited company (NV).
- When was ISOBUILD KORTEMARK founded?
- ISOBUILD KORTEMARK was founded on 13-02-1973.
- Is ISOBUILD KORTEMARK still active?
- Yes, ISOBUILD KORTEMARK is an active enterprise in the KBO register.
- How many employees does ISOBUILD KORTEMARK have?
- ISOBUILD KORTEMARK had an average of 13.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ISOBUILD KORTEMARK fall under?
- In its 2025 annual accounts, ISOBUILD KORTEMARK states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of ISOBUILD KORTEMARK?
- The turnover of ISOBUILD KORTEMARK was €29.8m in financial year 2025, according to the filed annual accounts.
- Is ISOBUILD KORTEMARK profitable?
- In financial year 2025, ISOBUILD KORTEMARK made a profit of €6.8m.
- Where can I find the annual accounts of ISOBUILD KORTEMARK?
- ISOBUILD KORTEMARK filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ISOBUILD KORTEMARK due?
- ISOBUILD KORTEMARK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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